# ENDORSEMENT

**Effective:** 12:00 AM 7/1/71

**Issued to:** International Business Machines Corp., Etal

**By:** American Home Assurance Company

In consideration of the premium charged and subject to all the terms and conditions set forth herein, it is understood and agreed that the Limit of Liability stated on the Declarations Page is amended to read as follows:

$8,000,000. excess of the following listed policies (or any renewals or rewrites thereof)

1. As to the business of International Business Machines Corporation and as more fully described as Named Insured herein, but excepting:
   a. foreign operations of IBM World Trade Corporation,
   b. Service Bureau Corporation

United States Fire Insurance Co., #DCL-541453,
Limit: $2,000,000. excess of primary.

2. As to the business of Service Bureau Corporation
United States Fire Insurance Co., #DCL-919984,
Limit: $1,000,000. excess of primary.

3. As to the foreign operations of IBM World Trade Corporation, notwithstanding anything contained in the contrary in Policy #DCL-541453 issued by United States Fire Insurance Co., it is agreed that the insurance afforded shall follow the terms and conditions of the said policy, DCL-541453, however, insurance afforded by this policy shall be excess of the following Schedule of Underlying Coverages:

| Coverage | Limits |
|----------|--------|
| ADVERTISERS LIABILITY | $300,000. |
| COMBINED COMPREHENSIVE GENERAL & AUTOMOBILE LIABILITY - Excess of | $250,000. |
| 1. Comprehensive General & Auto- mobile Liability - Saudi Arabia | $250/1,000,000. |

Form 1803